RE:RE:RE:RE:RE:Nut Zero Guys, I've really appreciated the postings from both you "regulars" (OldNagger & gonatgasgo) they (your posts and subsequent evaluations/and comments) have been daily food for me to digest as I contemplate my strategy.
I have to say, the fundamentals don't scare me (same as you guys) however, the market and the lemmings plowing off the cliff really scare me. I keep reminding myself, the land package was there in 2020 when the market would only pay .14 cents for a Crew share. Could that happen again? Not too likely, but, 2.86? Or wherever the tail gets pinned on the donkey, yes, something awful, in fact dreadful, could happen.
But, after really watching all the Canadian O & G energy bullboards, I'm more inclined to believe that we are in the middle of a substantial shakedown for low lying fruit (weak hands and cheap shares) before a impending rally.
I think, forget about the individual retail investor, and when they see value to pop in and pay us a visit and buy some shares, if they're not here by now, they likely (at least quite a few of them) will never attend the party.
I say what we really need is fund money/global investment firms etc. to keep pouring in as other investment markets look less attractive. I think all this government nonsense on green BS, is just a diversion to keep O & G on edge so it doesn't shine too brightly. In the meantime, other markets and sectors could be quietly being exited, while slow accumulation happens over here.
at least, that's what I'm choosing to believe. In the meantime, seems like the sky is not falling in on me yet, and 4.00-4.50 seems to be the new "oh my gosh we are on the brink of recession" price point.
if I'm right, this coming heating season will see a pretty strong rally and it seems all man made. (Really....an "explosion" in Texas going to take 3 months to bring back up on line?? Sorry, I'm not buying. Ukraine conflict? Man made again ( IMO) so, we wait. I think after the debt reduction, Kitimat online, new structure shutting down Russian gas to EU, and we are flying!
keep your posts, your intuitions and anything else coming guys, I need them for sure!
PonyBoy Outsider